Our Latest Developments
We are continuing to forge ahead with the development of new homes for single people, families and the elderly across the West Midlands and in the last few years we have completed developments in Lawnswood Rise, Wordsley, Cedar Drive, Rood End Road, Oldbury and more recently we completed an extension to our West Bromwich Retirement Living Scheme, Charles Pearson Court.
MORE DEVELOPMENT PLANS
Over the next few years we will also be busy with refurbishment work, since over half of our stock was developed or acquired during the first five years of the Association’s life back in the early nineties. The majority of these older properties now require refurbishment works all at the same time, and this is going to be a difficult balancing act to keep within our budgets but continue to maintain our stock to a high standard.
By 2014, the situation should have eased, as properties built after the first few years were developed in smaller tranches.
In terms of developing new homes there are a number of development opportunities for the next 2 years and this will help the organisation grow.
The Association also has a planned programme of transferring the ownership of the properties developed for us by our partners into our ownership which should reduce lease charges and be beneficial to all.